197 Shares in ASML Holding (NASDAQ:ASML) Acquired by Princeton Capital Management LLC

Princeton Capital Management LLC acquired a new stake in shares of ASML Holding (NASDAQ:ASML) in the second quarter, HoldingsChannel.com reports. The fund acquired 197 shares of the semiconductor company’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TIAA Trust National Association grew its stake in ASML by 4.7% during the second quarter. TIAA Trust National Association now owns 1,242 shares of the semiconductor company’s stock valued at $1,270,000 after acquiring an additional 56 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of ASML by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 7,738 shares of the semiconductor company’s stock valued at $7,914,000 after purchasing an additional 100 shares during the last quarter. Chilton Capital Management LLC purchased a new position in shares of ASML during the second quarter valued at about $102,000. Willis Johnson & Associates Inc. increased its holdings in shares of ASML by 11.4% in the second quarter. Willis Johnson & Associates Inc. now owns 351 shares of the semiconductor company’s stock worth $359,000 after purchasing an additional 36 shares during the last quarter. Finally, Verus Capital Partners LLC bought a new stake in shares of ASML in the second quarter worth about $224,000. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. increased their target price on ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Wells Fargo & Company boosted their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Finally, Susquehanna upped their price target on shares of ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research note on Thursday, July 11th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,147.80.

ASML Stock Performance

NASDAQ ASML opened at $903.87 on Tuesday. The business’s 50 day moving average price is $943.51 and its 200-day moving average price is $954.42. ASML Holding has a fifty-two week low of $563.99 and a fifty-two week high of $1,110.09. The company has a market cap of $356.66 billion, a P/E ratio of 46.16, a P/E/G ratio of 1.91 and a beta of 1.49. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. ASML had a net margin of 26.50% and a return on equity of 49.93%. The business had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the previous year, the business posted $5.37 earnings per share. The business’s revenue was down 9.5% compared to the same quarter last year. Sell-side analysts predict that ASML Holding will post 20.3 earnings per share for the current year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were given a $1.8732 dividend. This is a positive change from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Monday, July 29th. ASML’s dividend payout ratio is 28.55%.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.